Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Stock Passes Below 200 Day Moving Average – What’s Next?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $64.66 and traded as low as $61.74. Invesco S&P Global Water Index ETF shares last traded at $61.94, with a volume of 49,750 shares.

Invesco S&P Global Water Index ETF Trading Up 0.7%

The company has a 50 day moving average price of $64.01 and a 200 day moving average price of $64.65. The company has a market capitalization of $1.00 billion, a P/E ratio of 21.45 and a beta of 0.92.

Hedge Funds Weigh In On Invesco S&P Global Water Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Apella Capital LLC acquired a new position in Invesco S&P Global Water Index ETF in the 4th quarter valued at $1,051,000. Perigon Wealth Management LLC raised its holdings in Invesco S&P Global Water Index ETF by 107.0% in the 4th quarter. Perigon Wealth Management LLC now owns 18,341 shares of the company’s stock valued at $1,156,000 after acquiring an additional 9,480 shares in the last quarter. HighTower Advisors LLC raised its holdings in Invesco S&P Global Water Index ETF by 42.1% in the 3rd quarter. HighTower Advisors LLC now owns 81,815 shares of the company’s stock valued at $5,256,000 after acquiring an additional 24,231 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P Global Water Index ETF by 24.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 102,368 shares of the company’s stock worth $6,450,000 after buying an additional 20,313 shares in the last quarter. Finally, Wealth Advisory Team LLC acquired a new position in shares of Invesco S&P Global Water Index ETF during the 4th quarter worth $944,000.

About Invesco S&P Global Water Index ETF

Guggenheim S&P Global Water Index ETF (the Fund), formerly Claymore S&P Global Water Index ETF seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water NR Index. The S&P Global Water NR Index consists of approximately 50 equity securities selected based on investment and other criteria, from a universe of companies listed on global developed market exchanges. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification.